Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Arden Trust Co

Arden Trust Co grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.9% in the 1st quarter, Holdings Channel reports. The fund owned 26,009 shares of the asset manager’s stock after acquiring an additional 492 shares during the period. Arden Trust Co’s holdings in Artisan Partners Asset Management were worth $1,190,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Artisan Partners Asset Management by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock worth $347,856,000 after purchasing an additional 75,304 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Artisan Partners Asset Management by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,934,002 shares of the asset manager’s stock worth $85,444,000 after purchasing an additional 12,977 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Artisan Partners Asset Management by 25.2% during the fourth quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock worth $69,860,000 after purchasing an additional 318,355 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Artisan Partners Asset Management by 4.8% in the third quarter. Federated Hermes Inc. now owns 1,009,353 shares of the asset manager’s stock worth $37,770,000 after acquiring an additional 46,179 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Artisan Partners Asset Management by 29.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock worth $41,288,000 after acquiring an additional 211,965 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Artisan Partners Asset Management Stock Performance

NYSE APAM traded up $0.28 during trading hours on Tuesday, reaching $40.57. The company’s stock had a trading volume of 263,365 shares, compared to its average volume of 444,607. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $43.18 and a 200 day simple moving average of $43.12. Artisan Partners Asset Management Inc. has a 52 week low of $32.12 and a 52 week high of $46.75. The stock has a market cap of $3.26 billion, a PE ratio of 12.37 and a beta of 1.84.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business had revenue of $264.40 million for the quarter, compared to the consensus estimate of $270.90 million. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.02%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.